Real Estate in Jumeirah, the UAE
Last updated on Oct 09, 2024
Summary: People living in Jumeirah, UAE offer advice about real estate. How do you find a home in Jumeirah? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Jumeirah?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Jumeirah involves several steps. First, you need to determine your budget. This will help you narrow down your options and make your search more efficient. Next, you should research the different neighborhoods in Jumeirah. Some areas may be more residential, while others may be closer to commercial centers or have better access to public transportation. Once you have a good idea of where you want to live, you can start looking for available properties. There are several online real estate platforms that you can use, such as Bayut, Property Finder, and Dubizzle. These websites allow you to filter properties based on location, price, size, and other features. You can also hire a real estate agent to help you in your search. They can provide you with expert advice and access to properties that may not be listed online. When you find a property that you're interested in, arrange a viewing with the landlord or real estate agent. This will give you a chance to inspect the property and ask any questions you may have. If you decide to proceed with a property, you'll need to negotiate the terms of the lease and sign a contract. In the UAE, it's common to pay rent in advance for the entire year, although some landlords may allow you to pay in multiple installments. Finally, once the contract is signed, you'll need to register the lease with the local municipality. This is a legal requirement in the UAE and helps protect your rights as a tenant. Remember, finding a place to live can take time, so it's important to start your search well in advance of when you plan to move," said one person in Jumeirah.
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What is a typical expat home or apartment like in Jumeirah?
"A typical expat home or apartment in Jumeirah, is often a luxurious and spacious property, reflecting the high standard of living in this upscale neighborhood. These homes are usually located in high-rise buildings or gated communities, offering stunning views of the city or the Arabian Gulf. The interiors are often modern and stylish, with high-end finishes, large windows, and often come fully furnished. The living rooms are spacious, often with an open-plan design that includes a dining area. The kitchens are typically equipped with the latest appliances and ample storage space. Bedrooms are usually large, often with en-suite bathrooms and built-in wardrobes. Many apartments and homes in Jumeirah also come with private balconies or terraces, providing outdoor space for relaxation or entertaining. The properties often include access to shared amenities such as swimming pools, gyms, and landscaped gardens. Security is a priority in these homes, with 24-hour security services and secure parking facilities often provided. Some properties may also come with maid's rooms, laundry rooms, and additional storage space. Despite being in a bustling city, these homes are designed to offer a peaceful and comfortable living environment. They are located close to a variety of amenities, including shopping malls, restaurants, schools, and healthcare facilities, making them ideal for families and professionals alike," said one person in Jumeirah.
What is the average cost of housing in Jumeirah?
If you are thinking about moving to Jumeirah, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Jumeirah varies greatly depending on the type of property. For instance, a luxury villa can cost significantly more than an apartment. However, on average, the cost of housing in this upscale neighborhood is generally high, reflecting its status as one of the most exclusive areas in Dubai. It's not uncommon for properties in Jumeirah to cost several million dirhams. For those looking to rent, the annual cost can also reach into the hundreds of thousands of dirhams," explained one expat living in Jumeirah, the UAE.
Should I buy or rent a home in Jumeirah?
If you have not spent a lot of time in Jumeirah, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Jueirah, UAE, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Jumeirah for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay long-term or if you prefer not to have the responsibilities of home ownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, which are typically covered by the landlord. Financially, you'll need to consider whether you can afford the upfront costs of buying a home, such as the down payment and closing costs. You'll also need to think about ongoing costs like mortgage payments, insurance, and maintenance. Renting can sometimes be more affordable in the short term, especially if you're not ready to commit to the financial obligations of owning a home. In terms of lifestyle, owning a home can offer more stability and the freedom to personalize your space. However, it also comes with more responsibilities. Renting can offer more freedom and flexibility, but you may have to deal with restrictions on things like pets or renovations. Ultimately, the decision to buy or rent a home in Jumeirah, is a personal one that should be based on your financial situation, lifestyle preferences, and long-term plans. It's important to weigh the pros and cons of each option and consider seeking advice from a financial advisor or real estate professional," said one person in Jumeirah.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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